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secretary knows what happens. certainly, the big danger is that social security checks are not going to be mailed out and people will start seeing it in their pocket books. >> that's very scary to a lot of people, especially senior citizens. how likely is this? >> it's likely. i mean, the treasury is going to run out of ability to pay its bills very shortly. if not august 2nd, sometime over the coming weeks. >> patrick, washington only operates on crisis, they say. sometimes you have to increase the pressure to get a movement going. now we are talking about social security. in terms of the economy, in terms of -- it had these problems in california as well. it was is at stake here? and is this going to make it any better for the average person in the economic world in america today question the. >> and the likelihood is it will me things worse. i think there's a lot of stuff being debated about right now, but everything seems to point toward big cuts in spending over the next year. as we know, we are in a period of recession, high unemployment. during those times, it's really importa
, this could be their first world cup victory since 1999. they are going to have a big screen in effect at the civic center if you want to check that out. festivities start at 11:00 this morning. >> everybody has been worried about armageddon, but san francisco is really dealing with a broad closure of its own. >>> yeah, senator mark leno's contribution of gay and lesbian communities and the challenges they face as a polling booth. we'll be right back. ,,,,,,,,,,,,,, the golden gate bridge this morning. >> a live look across the golden gate bridge. you will want to give yourself some actual time if you're planning on crossing that bridge this link are you southbound and northbound connections to the golden gate bridge in sentences of our close right now. so is the macarthur tunnel. that's part of the construction project area during tonight's closure, they will complete the transition from temporary traffic lanes to the new permanent drought. everything is scheduled to reopen this morning at 11:00. certainly, avoid that area. looks like traffic is running rather smoothly, but certainly
, community. we will have a big legal change. that will certainly make a difference here. >> what other countries have this policy? >> well, we have very bad company really. no western countries have this sort of ban on open service by gays and was he and any longer. all of our sister nations who have joined the coalition forces have ended their bans on gay and lesbian service numbers. >> you were talking about repealing don't ask don't tell. there was a lot of talk with some of the higher up in the military about how this could affect the inner workings of the military. how is that even determined? are they talking to the guys on the ground? >> yes, yes. they did quite an extensive study. president carter over to group of some 68 people who worked for nine months and contracted with outside agencies to serve a 400,000 service members, have focus groups with 140 different groups around the country to make sure this wouldn't affect military readiness. so that part of the equation has been well taken care of. >> every other european country has already ended the ban. what effect does it h
, interest rates are not -- interest rates are the big problem. >> think paying interest isn't a good thing, everyone can agree. what is the alternative? what will we see happen? >> the treasury department will have to decide who it wants to pay into it doesn't want to pay. i think most likely they will decide to keep paying interest on loans to foreign creditors and not pay citizens. so stop social security payments, stop medicaid payments to the states for he that will likely have disastrous consequences on poverty, unemployment, and the economy. >> does sound awfully scary, but what would happen? >> yeah, what would have been? in it i'm not exactly sure. i think the treasury secretary knows exactly what would happen, but i think the incidence of poverty would increase. if people can't get social security checks, can't get their medicaid reimbursements, poverty would go up, unemployment would go up. people would maybe move back in. it would drastically change the american society. they make one thing i don't understand is if you and i are over our limit on credit cards, usually the credit
to these things because there's a lot of things been decided under our nose. >> it will make a big difference. things should move smoother in sacramento. >> it will happen. guaranteed. >> we are not holding our breath. >> thanks for joining us. >> republicans and democrats set up political fireworks this weekend. >> the white house response to a lunch invite some gop leaders. >> and meg whitman is back. that and more coming up next. ,,,,,, i tell ya, i work a long day, every day. i hang my head out the window. oh man, we're delivering everything you can think of: plywood, cement. i, i enjoy the breeze on my tongue. well uh, and every weekend, seems like we're headin' down to the lake. we're pullin' a boat or somethin'. i don't know why. i just do. it's not a problem. i don't mind as long as we always stop at chevron and get that techron stuff. my ears flop around too. check it out. [ male announcer ] your car takes care of you, care for it. chevron with techron. care for your car. it's hard work; i need a nap. t there....s >> things are heating up for lawmakers and in the race for the preside
Search Results 0 to 4 of about 5